Mortgages News

Simon Lambert, This is Money7 October 2006 The latest idea to help struggling first-time buyer has been launched – but like many others it is focused on keyworkers. BEYOND REACH? Life is touhg for first-time buyers but a year of hard work could make all the difference WANT TO KNOW MORE? REPORT: Half of graduates cannot buy GUIDES: Tips and advice on homebuying DEAL FINDER: Find a mortgage in moments OTHER STORIES Half of graduates cannot buy Rise of buy-to-let  ...

WASHINGTON (AFX) - Government-sponsored lender Federal Agricultural Mortgage Corp., or Farmer Mac, said Friday it will restate financial results for fiscal 2003 through 2005 and the first two quarters of 2006 to correct hedge accounting. Farmer Mac said the restatements will eliminate the use of hedge accounting for its derivatives used to manage interest rate risk. The lender said it determined ...

Daily Mail6 October 2006 Fixed rate mortgages have been falling, giving homeowners the chance to snap up some great deals. WANT TO KNOW MORE? REPORT: Mortgage lending starts to slow DEAL FINDER: Search for a mortgage in moments OTHER STORIES Half of graduates cannot buy Rise of buy-to-let millionaires New on the market Watch out for first-time catch Growing burden for homeowne ...

Simon Lambert, This is Money6 October 2006 High house prices have left more than half of all graduates struggling to get a foot on the property ladder. HOUSE HUNTING: High prices and student debt mean graduates are increasingly struggling to purchase a home WANT TO KNOW MORE? SPECIAL REPORT: Getting your foot on the ladder HELP & ADVICE: Mortgages and property guides DEAL FINDER: Search for a mortgage in moments TIPS: Watch out for first-time catch OTHER STORIES  ...

CHICAGO (AFX) - A federal judge told attorneys for former newspaper baron Conrad M. Black on Thursday to try to get her a copy of a secret financial agreement he made with the Canadian holding company he once ran. U.S. District Judge Amy J. St. Eve said she wants to review the agreement worked out between Black's attorneys and those of Toronto-based Hollinger Inc. that limits his access to millio ...

M&A speculation gave London shares a boost to trade near five-year highs on Thursday afternoon, as investors bought shares in Corus Group after India's Tata Steel confirmed that it's mulling a bid for the company and as the Bank of England left interest rates on hold at 4.75%. The central bank's decision to stand pat on rates for the second month in a row was as expected. Corus (CGA) stood ...

HONG KONG (XFN-ASIA) - Share prices finished the morning session sharply higher led by HSBC and other select blue chips after the Dow Jones Industrial Average closed at another all-time high overnight amid hopes the US Federal Reserve may begin lowering interest rates soon, dealers said. The Hang Seng Index ended the morning up 225.25 points or 1.28 pct at 17,854.46, off a low of a low of 17,810. ...

NEW YORK (AFX) - Washington Mutual Inc.'s efforts to spice up its home-loan business raise the question of whether the company is trading interest-rate risk for too much credit risk. In recent months, the nation's largest thrift has moved further away from making government-insured and fixed-rate home loans while focusing more on what it calls "higher-margin" products -- such as option  ...

James Coney, This is Money5 October 2006 First-time buyers could be signing away thousands of pounds if they rush into a new Government scheme designed to help them onto the property ladder. QUIDS IN: The new Openmarket Homebuy Scheme will help first-time buyers but they need to read the small print WANT TO KNOW MORE? TIPS & ADVICE: Getting your foot on the ladder REPORT: House price 'timebomb' in South-East DEAL FINDER: Search for a mortgage deal OTHER STORIES  ...

The Dow Jones Industrial Average ended at its second record high in two days Wednesday, and the S&P 500 rallied to its best level in more than 5 1/2 years on increasing optimism that economic growth will continue at a pace that will sustain job creation and corporate profits. The Nasdaq Composite also rose to its best level since May. The Dow industrials (DJI) rose 123.27 points, or 1.1% ...